Congress


US debt: Obama threatens veto after supercommittee fails

Barack Obama has upped the pressure on Republicans to agree to some tax increases as part of US deficit reduction by threatening to veto any attempt to undo automatic cuts to the military.

Democrats’ shot at maintaining majority not looking rosy

The Democrats are facing serious losses this November due to a failing US economy and the limited policy success of the Obama Administration.

Rundle 08: A political and cultural crisis of capitalism

This is not an economic crisis, this is a political and cultural crisis of capitalism, and if you don’t understand that, well, you’re a financial journalist, writes Guy Rundle.